Money laundering can originate from any area within financialised assets including single family offices, cryptocurrencies and fine art.
MP He Ting Ru highlighted these three examples in Parliament on Tuesday when she emphasised the need to legislate proactively to address the multiple potential entry points in money laundering, the rapid pace of financial innovation and the increasing complexity of corporate structures. Ms He also called for a comprehensive omnibus anti-money laundering Bill to consolidate and streamline existing regulations.
MP He Ting Ru highlighted these three examples in Parliament on Tuesday when she emphasised the need to legislate proactively to address the multiple potential entry points in money laundering, the rapid pace of financial innovation and the increasing complexity of corporate structures. Ms He also called for a comprehensive omnibus anti-money laundering Bill to consolidate and streamline existing regulations.
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